Alan Horncastle

Profile

Alan has more than 25 years of professional experience in applying economics to aid decision-making, in particular in the regulated sectors. He specialises in efficiency measurement and assessments, regulatory reform and regulatory incentive design.

He has provided advice and expert evidence on mergers and acquisitions, regulatory due diligence, business planning, regulatory determinations, appeals and court cases. He has advised companies, investors, governments and regulatory authorities in the energy, transport, water, financial services and communications sectors across Europe.

Alan is co-author of A Practitioner’s Guide to Stochastic Frontier Analysis using Stata with S. Kumbhakar and H.-J. Wang, published by Cambridge University Press in 2015. The book provides practitioners in academia and industry with a step-by-step guide on how to conduct efficiency analysis using the econometric approach, stochastic frontier analysis.

Selected project experience

Advice to water companies on regulatory and efficiency issues during PR14 and PR19, including advice to Bristol Water during the CMA inquiry into its appeal of the PR14 Final Determinations (2013–18)

Expert testimony to the CMA for firmus energy’s price control appeal (2017)

Selected publications

Arias, L. and Horncastle, A. (2011), ‘Lessons from mergers and Alliances in the British Water Industry’, chapter 3, in A. Estache (ed.), Emerging Issues in Competition, Collusion and Regulation of Network Industries, Centre for Economic Policy Research.

Silva Portela, M.C., Thanassoulis, E., Horncastle, A. and Maugg, T. (2011), ‘Productivity change in the Water Industry in England and Wales: Application of the Meta-Malmquist Index’, Journal of the Operational Research Society, 62, pp. 2173–88.

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